The US Dollar faces renewed selling pressures, pushing the Euro to Dollar exchange rate (EUR/USD) higher to 45-month peaks at 1.1830 before a slight correction to 1.1775. Danske Bank maintains a bearish outlook on the Dollar and anticipates weak economic data will lead to another downturn as expectations for a Federal Reserve rate cut intensify. These market dynamics are crucial for traders as positioning ahead of potential shifts can lead to lucrative opportunities. Those focused on EUR/USD should prepare their strategies accordingly.